Wednesday, January 14, 2015

Options activity in BlackBerry Ltd jumped after a Reuters report that Samsung Electronics Co Ltd had approached the Canadian company about a possible takeover deal. Call volume on BlackBerry options swelled to about four times normal after the report that Samsung had approached BlackBerry about buying the company for as much as $7.5 billion.The value of BlackBerry calls, which allow the purchase of shares at a specified price in the future, soared, in some cases by several thousand percent. U.S.-listed shares rose 29.7 percent to close at $12.59 on Wednesday.Calls that had been betting on BlackBerry shares rising above $12 were the most heavily traded. These had been worth 8 cents at the start of the day but were worth $1.31 by the close of trading, according to Thomson Reuters data.The news also meant huge gains for some traders who bought calls earlier in the day.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.72% or $-0.28/share to $38.78. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 776597 shares of TRI exchange hands on a given day and today's volume is recorded at 905947.

Please Donate

Article Archive

The reports on this site are for information purposes only and are not a recommendation for the purchase of securities. The information contained in these reports have been gathered from sources we believe to be reliable, however, we make no guarantee as to the accuracy or completeness to such information.